Getting a mortgage after bankruptcy or foreclosure
… house, web ed the wait could be even shorter. Although financial difficulties remain part of your record forever, web you can qualify for a mortgage as soon as 24 months after the fact if your issues were the result of "extenuating circumstances" over which …
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New rules aim to reduce risky home loans
Millions of homeowners got into trouble after taking out loans with no or low down payments that many didn't fully understand as interest rates skyrocketed, order unemployment soared and the housing market crashed. The rules unveiled Thursday are a result of …
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Question by JohnPau2010: How to check as what banks are giving good mortgage interest rates ?
1) Is there a website where we can check as what banks are giving good mortgage interest rates ?
2) Do we have to look only local banks where I live ? If I live in ILLINOIS , pharmacy do I have look for a lender or bank in IL only ?
3) Any suggestions as which bank is good ?
Best answer:
Answer by jgsudderth
the best way place to start is www.lendingtree.com it’s very similar to progressive where you can view side by side loans and compare the differences between them
What do you think? Answer below!
There are a few ways to check –
First Bankrate.com allows you to search based on interest rates and will list from lowest to highest if you want. Also, fill out the form at lendingtree.com and you should get up to four banks you can negotiate with.
A good mortgage broker can shop around for you and get the best rate going for your financial situation (remember that brokers make money off commission, so it is not always in their own best interests to get you the best rate).
Finally, call around yourself. You do not have to call just local banks as many national banks may be licensed to do business in your state. The state banking agency should have a list of all banks licensed to offer mortgages in Illinois.
Remember that rates fluctuate daily, if not hourly and the bank giving the best rate today may not be the bank giving the best rate tomorrow.